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consumption led growth model. >> and is it going to comatethe perhaps its biggest and foreign policy challenge will be the middle east, is going to potentially be iran? >> absolutely. what can we do make them be more constructive there, not support iran, but to lead to a change there. >> phil, thanks for that. he's written loads of books. let's show where you we stand with the u.s. futures right now ahead of this particular market. right new pretty flat the open for the s&p 500. the nasdaq is around five points above fair value and at the moment, we are five points below fair value for the dow. so looks fairly flat. european stocks down most of the session. bond yeeds certainyields certai looking at. >> if we look at the bond space, we can get a sense of why the italian ten year, this is the one to watch breaching the 5% level today. it has come down a little bit from the session high. perhaps indicating something of a floor below the market levels that we're seeing this morning. but certainly one to watch as we continue to gauge fallout across the eurozone as to whether greece ahead of budget
as much oil as it does currently, perhaps for energy to be such a focal point of its foreign policy won't be so large. and already you have exactly within the oil and gas industry pushing the case for shale on the basis that it would save the country a lot of money on overseas military expenditure. >> if you take in that oil, shale gas together, how much is that revolutionizing the american economy and also the global gas and oil industry itself? >> we're already seeing some big impacts in terms of when you see home consumers shifting from diesel to heat their homes in the u.s. to gas, we've seen a lot of shifting and that's certainly impacted oil demand in the u.s. but perhaps the real game changer could be yet to come. there is a lot of talk about natural gas vehicles. we're already seeing moves on that. the figures that the iea is putting out today, these really don't take in a major shift towards natural gas as a transportation fuel. p but a lot of people in the u.s. are predicting this could happen and that's on the basis oil remains reasonably expensive and gas is very cheap. if t
Search Results 0 to 1 of about 2